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https://www.freightwaves.com/news/weekly-nti-update-july-25-2022
National Truckload Index
Weekly NTI Update: July 18, 2022
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https://www.freightwaves.com/news/weekly-nti-update-july-18-2022
Weekly NTI Update: July 11, 2022
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https://www.freightwaves.com/news/weekly-nti-update-july-11-2022
Weekly NTI Update: June 27, 2022
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https://www.freightwaves.com/news/weekly-nti-update-june-27-2022
A major cause of inflation may have peaked; that’s good news for consumers but bad news for trucking companies
Note these sobering statistics:
- Truckload spot rates have fallen by nearly one-third since the start of the year, while truckload contract rates have risen.
- The spread between truckload spot and contract rates are near an all-time high.
- Spot rates always lead contract rates, usually by about three months.
- Shippers (firms that buy trucking capacity from trucking companies) buy most of their capacity in the truckload contract market, which means they have not seen a reduction in freight rates...